A Keystone, Colorado resident recently fell victim to a sophisticated cryptocurrency scam, losing over $6,000 in Bitcoin after fraudsters posing as law enforcement officials threatened arrest for missed jury duty. The Summit County Sheriff’s Office reported that an additional $4,000 transfer was in progress when deputies intervened to prevent its completion. The scammers also obtained sensitive personal information from the…
Month: November 2024
BBVA Debuts Tokenized Fund in Spain’s Sandbox
BBVA is launching a tokenized fund integrated into the Spanish securities regulator’s sandbox. The fund will be open only to BBVA employees to research the benefits of applying blockchain technology to these applications. BBVA to Experiment With First Blockchain Tokenized Fund Tradfi institutions are now open to testing decentralized technologies and applying them to existing […] Source: https://news.bitcoin.com/bbva-debuts-tokenized-fund-in-spains-sandbox/
Colorado Resident Scammed Out of Thousands in Bitcoin by Fake Jury Duty Call
A Keystone, Colorado resident fell victim to a sophisticated crypto scam last week, losing over $6,000 in Bitcoin after fraudsters posed as law enforcement officials threatening arrest for missed jury duty, according to the Summit County Sheriff’s Office. According to documentation reviewed by Decrypt, an additional $4,000 transfer was in the works, though deputies were able to intervene before it…
What is Pnut? The Meme Coin Dancing to Elon Musk’s Tune
In a matter of days, Solana-based meme coin Peanut the Squirrel (PNUT) has climbed from relative obscurity to $150 million in trading volume, propelled by a mix of public outrage and pre-election fervor. The story went viral after his caretaker, Mark Longo, announced on social media that New York’s Department of Environmental Conservation (DEC) had taken Peanut and another pet,…
Trump dump: Crypto liquidations hit $350M as Bitcoin dropped below $69K
Donald Trump’s winning odds lead on Polymarket have significantly narrowed, and Bitcoin’s little price dump caused big liquidations. Source: https://cointelegraph.com/news/crypto-liquidations-350m-bitcoin-below-69k-tight-us-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Grand finale of altcoin reckoning’ soon, warns crypto trader
A big final flush out for altcoins could be imminent if historical market cycle patterns repeat. Source: https://cointelegraph.com/news/grand-finale-altcoin-reckoning-says-crypto-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights: Salvadoran Bitcoin Visa Program Fails; Brazil Floats Tax on Stablecoin Remittances
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances, and a Bolivian bank offers USDT services for the first time. Public Records Inquiry […] Source: https://news.bitcoin.com/latam-insights-salvadoran-bitcoin-visa-program-fails-brazil-floats-tax-on-stablecoin-remittances/
Wiz Khalifa’s X account apparently hacked to promote sham memecoin
The X account of rapper Wiz Khalifa was reportedly hacked, with posts shilling a memecoin called “WIZ,” which is now trading at a value of less than $10,000. Source: https://cointelegraph.com/news/wiz-khalifa-x-account-hacked-promote-sham-memecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Alibaba reportedly cuts dozens from metaverse unit
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI. Source: https://cointelegraph.com/news/alibaba-reportedly-cuts-dozens-metaverse-unit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin artist says ‘fascination’ brought thousands to BTC art exhibition
Around 70% of the 300 Bitcoin art pieces were sold during the Bitcoin “Art of Revolution” exhibition’s five-week stint at the Artevistas Gallery in Barcelona’s Gothic Quarter. Source: https://cointelegraph.com/news/bitcoin-art-showcased-barcelona-s-most-renowned-art-galleries?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound